Cranbrook Lease Extensions: Q and A’s

  • My name´s Austin. I’m house hunting in Cranbrook I'm thinking about offering on a garden flat online, with just under sixety six years outstanding, how much will it likely cost to get a lease extension by, say, ninety years?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 68 years left.
  • The intention is to sell our GFF in Cranbrook but we may need to extend the lease, or possibly cover the costs of our buyers. Are you able to recommend a to undertake the legal formalities?
  • My co-lessees and I are in a block of five flats in Cranbrook and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am the freeholder of a Victorian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 73 years. What are my next steps?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our one bed flat in Cranbrook. We have a 56 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm looking at buying a flat in Cranbrook at a price of £210,000 the flat has just under 70 years unexpired on the lease. My offer was subject to the lease being renewed... .. that was back in June, hoping I'd be in by Christmas. They have just informed the agent that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Cranbrook for a three bed flat - sec 42 is already served?
  • We are hoping to acquire a property (a one bedroom apartment located inCranbrook with share of freehold). During our search, we were always looking at properties that had a minimum ninety years residual lease term. We found a flat we liked and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our told us the lease only has sixety five years and therefore requires a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Cranbrook. I live in the top flat. I was looking at the title deeds last night when I noticed that my flat is leasehold. There is 79 years unexpired. If I want a lease extension then would I just be paying for the fees?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Cranbrook